Kaizad heerjee biography of william

The CEO of the now-bankrupt utility Aircel Kaizad Heerjee has reconciled from his position at illustriousness company, reported the Economic Nowadays. “Heerjee will, however, continue disregard work with the insolvency firmness of purpose or professional (IRP) to help significance telco, which has filed round out bankruptcy protection, sort out close-fitting interim funding,” the paper supposed quoting unnamed sources.

Heerjee had antediluvian with Aircel since 2012, he was earlier the crucial operating officer.

He was tailor-made accoutred the CEO of the classify at the end of 2013, after the position remained unoccupied for months. Before joining Aircel, Heerjee worked with Malaysian operative U Mobile for a year.

According to ET, Heerjee was in foreign lands credited for turning around righteousness mobile phone operator before douche ran into financial stress permission to high competition.

This is say publicly third such case of dexterous top official quitting the tamp down, after it filed for collapse in February.

Vipul Saurabh, who was national head, operations skull customer services, and Anupam Vasudev, who was chief marketing public servant, had put in their credentials in February. Saurabh had anachronistic with Aircel since 2009, one-time Vasudev was there since 2011.

Troubled telco

Aircel had filed for bankruptcy in Feb citing deep financial stress.

Representation NCLT accepted Aircel’s petition courier bankruptcy albeit saying that goodness company had scope for revival.

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Earlier, Swedish company Ericsson moved glory Delhi High Court to salvage dues worth Rs 251.40 crore from Aircel. Tower companies GLT Infra and American Tower Corporation also moved Delhi HC be selected for payment of Rs 912 crore and Rs 224 crore separately.

GTL Infra also turned travel at least one-third of their total sites used by Aircel. Other operators have also stopped up accepting incoming calls from Aircel numbers due to unpaid bearing fee.

At the same time, DoT challenging moved to encash guarantees given saturate banks on behalf of Aircel and its two companies, alleging “major breach of terms suggest conditions” as Aircel filed make public insolvency without giving an endorse notice to the department.

Honourableness DoT also said that ethics telco did not pay field usage charge and license cost last quarter. In this argument, the Telecom Disputes Settlement champion Appellate Tribunal (TDSAT) gave dowry relief to Aircel, barring Whitehead from encashing bank guarantees amounting to more Rs 1,200 crore as it waited for loftiness Supreme Court to hear in relation to matter involving the two parties.

State operator BSNL also decided put up the shutters take the legal route grasp recover dues from Aircel.